FXD Harvesting Strategy

CADCHF Sell

CHFJPY Long

GBPCHF Sell zone for next week

GBPUSD buy zone for next week,

USDCHF Sell zone for next week

EURAUD Sell zone for next week

GBPJPY Buy zone for next week

UJ, there was a spike in the entry zone price, which might retest to meet the entry criteria.

EJ should present another good entry

Also, I'm watching The Last Castle halfway through. Definitely recommend it, a must-watch!

EURUSD

I like your system that it places lots of trade, active, not boring.

One minute you're chewin' on a burger, and the next minute you're dead meat. That's the reason behind 200 trades. Glad you mentioned not boring, I'd like to add some thoughts to it.

We have moved past the basics of trading. The market loves stagnancy and manipulation, and so does human behaviour. Basically, the market has understood human behaviour, because it leverages time and reversals between most stagnant times, i.e., during the transition of weekends and the monthly transition for major moves.

For example EURUSD once the 4 hr TL is broken it will only push price upwards till it touches Monthly Resistance 1 but before it touches it most likely head down to create a new Higher low before it touches but on 1 hr the move can be caught so if I have harvested all the way long I'll not put stop limits till a new entry criteria is met.

Some major moves happened towards the end of the market close, so I have to close it as the market opens. Strategies can be different, but time is the same for everyone. This helps me estimate my entries and waiting time during stagnancy.

The levels 800,000,200 are where the turns usually happen towards printing a new low, and levels 200,000,800 are where turns usually happen printing a new high.

It’s not the market’s fault. It’s just the market doing what market does. That’s like saying, you made something to eat, but you didn’t like it, so the ingredients are bad, manipulated, from China, etc. It’s not that. It’s just that the person cooking didn’t know how to put the ingredients together. That’s all. But the idea of placing many trades will lead you in the right direction I think, so you’re on the right track.

But still My account equity is 20 % down because of my two mistakes; all my efforts on the positive outcome couldn't cover it up.

But is the market to be blamed, or could I not close profits while it creates a new lower high while breaking the trend towards downside, yet I kept adding more?

Now I would like to highlight the mistakes to avoid this situation.

 

1. The number of trades on any pair can not be more than 15.
2. Cutloss if it had touched the upper band and the trendline towards the downside has broken, even if the price has not touched the upper band but it was near, and the stoch 60 gave a new LH, but cut loss only after it broke the TL.
3. Don't add more positions while trading against the direction

Now, since the H4 trend has turned in accordance with the H4 price can be heading further down. So, I'll try to cut losses as much as possible and enter sell limits and stops.

This is the only drawback of this strategy before you realise it is too late. But with everything I have put together, it gives clarity and a chance to fix instead of waiting for it to reverse. I'll start looking for cutting losses and be careful from next time, as it is expensive to pay.

Now these mistakes are fine as long as they are in the Demo or passive trading to practise and set things up, but once it's connected to a live account, you have to focus on trading actively on positive opportunities.

One of the reasons I'm sharing everything in detail is that I have experienced these things happening again and again, but if I'm aware of these few things, I can connect the live account only when things are better aligned and harvest some profit planning things accordingly. This strategy gives a fair chance of making a profit from the market, but it's not a get-rich-quick or no loss stratetegy. I've tweaked things to work around and navigate the market accordingly; it does take some good effort, and it definitely is not a piece of cake. Also, you need to practice it indefinitely to understand the real market behaviour and look for reliable entries and cutting losses as soon as possible on a live account. By default, every trade below 110 pips gets deleted on any live account I attach to my demo trading. But you cannot trade on Live account directly, else there is no point, as I have mentioned earlier, if you can, you definitely will take trades more than 200 when things get bad, so no point. On demo, however, you CANNOT put more than 200 trades, when it's all about trading, having enough trades always to execute at the right opportunity at the right time and being able to exit is the point, as market leverages time and time is the same for everyone! I see no reason to share this if I can't execute the entries I'm pointing towards. I hope these illustrations give you a better perspective towards market behaviour!

GBPUSD triggered my stop trades, with over 100 pips profit, that moved only in the last few hours of the market close!
USDCHF, I had put some stops while H4 was in accordance with SMA, and entry criteria met on m15. Each trade is 70 pips on USDCHF in the last few hours!
GBPJPY might give a new opportunity next week
USDCAD, some more stops got triggered. I hope to close these as soon as the market opens on Monday!

Let's see how the next week unfolds and so on!

Have a good weekend, ya'll!

Exactly what I mean as well !

Look, price never reaks the previous 800,000,200 level, really, in the correct direction, only new candles are printed like these on EURAUD. Certainly, I am looking forward to new Sell opportunities on H4 and as close to the donchain channel on H1.

Being able to capture these moves is what this strategy is all about.

GBPCAD


I'll place stops and limits on lower level